June 22 (Cointime) - Valkyrie Funds has submitted a new filing to the U.S. Securities and Exchange Commission for a Bitcoin ETF called the Valkyrie Bitcoin Fund. The ETF will hold bitcoin to reflect the CME CF Bitcoin Reference Rate, New York Variant. The trust plans to list shares on Nasdaq under the ticker BRRR. Other companies such as WisdomTree, Invesco, and BlackRock have also filed for spot bitcoin funds in the past week. The price of bitcoin has risen 16% over the past week, reaching $30,114 on Wednesday.

June 21 (Cointime) - Invesco, a global investment management firm with $1.49 trillion under its management, has reportedly refiled for a spot Bitcoin exchange-traded fund (ETF) after withdrawing its application in October 2021 due to regulatory concerns.

June 21 (Cointime) - Bitwise has submitted an application for a spot bitcoin ETF, joining BlackRock in their similar attempt. Despite previous attempts from other issuers, the SEC has never allowed a spot bitcoin ETF to be introduced to the US market. Bitwise's latest filing includes additional legal analysis regarding the surveillance of bitcoin through the Chicago Mercantile Exchange futures markets. If the SEC approves the first spot Bitcoin ETF, Bitwise's timing of the filing could potentially follow BlackRock. Other issuers such as VanEck, Valkyrie, WisdomTree, Global X, and Invesco may also follow suit.

June 19 (Cointime) - There are rumors that Fidelity Management is planning to acquire Grayscale, the world's largest digital asset management company with over $20 billion in assets. Grayscale allows customers to invest in crypto assets through exchange-traded funds (ETFs) and Trusts, with its Bitcoin ETF being the main milking cow, in charge of $16 billion, or 80% of the total assets under management.

June 19 (Cointime) - Fidelity Investments, a major asset management firm with $4.2 trillion in assets under management, is reportedly preparing to file for a spot Bitcoin ETF similar to BlackRock iShares. The company is also said to be considering a bid to acquire Grayscale Investments, the largest digital asset management firm.

June 16 (Cointime) - On Thursday, BlackRock filed a registration statement with the U.S. Securities and Exchange Commission for the iShares Bitcoin Trust, which could potentially lead to a bitcoin ETF. The trust will hold bitcoin assets primarily held by Coinbase Custody Trust Company, and the price of bitcoin will be determined using the CF Benchmarks Index. This move marks a significant step for BlackRock towards a potential bitcoin ETF.

Grayscale's victory in the lawsuit against the SEC may not guarantee approval for the issuance of Spot Bitcoin ETFs, according to Bloomberg analyst James Seyffart. The language used by the court during its ruling will determine the approval of the ETF application. Seyffart expects a decision on the matter between the second and third quarter of 2023 and notes that Grayscale's victory would not necessarily allow it to convert the Grayscale Bitcoin Trust into a Spot Bitcoin ETF. The court ruling's language could leave the door open to other reasons for rejection.

21Shares, an industry titan in offering crypto exchange-traded products, has teamed up with Cathie Wood’s ARK Investment Management, to resubmit an application for a spot-Bitcoin ETF. The announcement highlights that such a fund would provide US investors with greater security measures that are currently not available in the market.

Canadian alternative investment management firm Ninepoint is proposing changing the investment strategy of its bitcoin exchange-traded fund (ETF) to diversify from just buying bitcoin into other Web3 and blockchain-related equities.

The number of bitcoin flowing from/to the Purpose Bitcoin ETF.